What is 'Professional Client'? | Freetrade Dictionary

More terms

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.

Costs and Charges

The money you pay when investing.

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

Yield to maturity

What is yield to maturity and why is it useful?

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

Income statement

A summary of a company's income and expenses over a set period of time.

After-hours trading

Trading outside of a stock exchange's opening hours.

Professional Client